Friday, November 30, 2018 / by Carl Gentile
Holiday Festivities in the Palm Beaches
It's the most wonderful time of the year. Cool weather, tree lightings, hot cocoa, decorations and festivities! We put together a list of the best in tree lighting, boat parades, and land loving holiday parties in the month of December hitting the Palm Beaches.
Palm Beach Holiday Boat ParadeInfo: Dec. 1, starting at 6 p.m. arrives in Jupiter approximately at 8 p.m. Travels along the Intracoastal from North Palm Beach to the Jupiter Inlet Lighthouse. Mo and Sally from KOOL 105.5 will be on the Loggerhead Marina Grand Marshall Boat; 561-863-0012.
Boynton Beach & Delray Beach Holiday Boat Parade Info: Dec. 14, beginning at 6:30 p.m. This flotilla of brightly-decorated boats will line up at the Boynton Inlet and motor south, which will light up the Intracoastal throughout Boynton Beach, and Delray Beach to the C-15 canal. Bring toys to donate to Toys for Tots. For more information, call Boynton Beach at 561-600-9097 ...
Wednesday, August 22, 2018 / by Carl Gentile
Flavor of Palm Beach
What is Flavor Palm Beach?
Flavor Palm Beach is a month long dining event established in 2007 to introduce diners to the vast array of restaurants throughout Palm Beach County. Local gastronomes as well as visitors to the Palm Beaches will have the opportunity to enjoy a selection of specially priced three course meals from some of the area’s best restaurants during this dining event. Whatever your appetite, from Boca to Jupiter and everywhere in between, the Palm Beaches are poised and ready to excite, tantalize and satisfy your every craving. Our area’s great chefs live up to the area’s reputation as an international playground for the rich and famous. They are always coming up with creative and inventive dishes that are unlike anything else found on the planet.
When is Flavor Palm Beach?
The entire month of September.
What are restaurants offering during Flavor Palm Beach?
Participating restaurants will present a selection of specia ...
Saturday, August 11, 2018 / by Carl Gentile
The Wave of Millennial Homebuyers Continues to Swell
Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream.
Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that they do not aspire to still achieve those things.
For older millennials (aged 25-34) who have established themselves in their career and are starting to build their families, homeownership is the next logical choice.
According to the Urban Institute’s State of Millennial Housing, the probability of a millennial becoming a homeowner increases by 17.9% if they are married, and by an additional 6.2% if they have children.
Last year, according to the US Census Bureau, the average age at first marriage was 30 for men and 27 for women, while the Natio ...
Monday, July 23, 2018 / by Carl Gentile
Lack of Inventory Slows The Market
As the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (foreclosures and short sales) continue to fall to their lowest points in years. There is no doubt that the housing market will continue to strengthen throughout 2018.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory!
Here’s what a few industry experts have to say about the current inventory crisis:
Lawrence Yun, Chief Economist for the National Association of Realtors
“Inventory coming onto the market during this year’s spring buying season…was not even close to being enough to satisfy demand, that is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”
Sam Khater, Chief Economist ...
Sunday, July 22, 2018 / by Carl Gentile
First Time Home Buyers Continue to Put Down Less than 6%
According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017.
Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers and 54% of all buyers put less than 20% down.
Ralph McLaughlin, Chief Economist and Founder of Veritas Urbis Economics, recently shed light on why buyer demand has remained strong,
“The fact that we now have four consecutive quarters where owner households increased while renters households fell is a strong sign households are making the switch from renting to buying.
Households under 35 – which represent the largest potential pool of new homeowners in the U.S. – have shown some of the largest g ...